Richmond Electricians Joint Apprenticeship Committee

Analysis

Richmond Electricians Joint Apprenticeship Committee is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richmond Electricians Joint Apprenticeship Committee reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.8m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Electricians Joint Apprenticeship Committee sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Bnot Shirah of Deal Inc ($1.8m), Mitchell Technical Institute Foundation ($1.8m) and Heartwood Az ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $368k (23% of expenses). Other salaries and wages came to $398k. At year end it held assets of $5.9m against liabilities of $1.4m, net assets of $4.5m. It reported 30 employees.